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BMS News

Mike Hollenbach – Physicians Insurer – MPL Feature

BMS Specialty Casualty Team EVP, Mike Hollenbach’s feature article on the MPL market and the repercussions of the Affordable Care Act on that market appeared in the 4th Quarter of the Physicians Insurer Magazine.

Click here to read the full article.

Reprinted from the fourth Quarter 2012 issue of Physician Insurer Magazine, Physician Insurers Association of America. Copyright, 2012.

Click here to read more about the BMS Specialty Casualty Offering

AM Best Video MPL Market – Mike Hollenbach & Sean McDermott

BMS’ EVP Specialty Casualty, Mike Hollenbach and SVP, Sean McDermott featured in an AM Best Video discussing topics around the state of the medical professional liability market, including what consumers are talking about and the implications of the Affordable Care Act on physicians’ practices.

Click here to view the full ‘Regulatory Preview’ video  on the AM Best Video Center.

Click here to view the Specialty Casualty Team Offering

Hot Topics of the PLUS Symposium

Nikole Maus, Assistant VP BMS Specialty Casualty Team, discusses the themes that dominated the PLUS Medical Professional Liability Symposium 2012:

The resounding theme at the 2012 PLUS Medical Professional Liability Symposium was that change is coming and how do we prepare for it? The conference kicked off with rather a ‘doomsday’ forecast by Cyber Security Expert, Juval Aviv (former Israeli Secret Service and a leading authority on terrorist networks, and their inner workings). He surely incited many attendees to create their disaster plans on their flights home! However, more seriously, whether it is through ACO’s, Technology, Changing Regulation/Litigation, Claim Trends or ERM, there are changes set in motion that even a strike down of the PPACA will not prevent.

It is critical for all of us in the Healthcare space to closely watch the changing demographics of Healthcare Providers and the impact (and exposure) the new technologies of the age will have on this business. The panelists gave many examples of how these changes will drive the frequency, severity and types of MPL claims brought forth in the coming years. Furthermore, the insertion of ACO’s and the coming together of Hospitals and Physician Groups may gray the lines of the insurance and reinsurance coverages currently in place.  The reinsurance industry needs to ensure we are responsive to the integrated healthcare system – at all spectrums.

Fundamentally, as an industry, we must be ahead of the curve to ensure our clients have the coverages in place to help navigate them through the changes to come.